Bank of Canada Rate Hike

[farmaholic]

This is what CNR stated in the 3rd quarter report yesterday!

"CN Rail said revenue from moving petroleum and chemicals climbed 25 percent in the three months ended Sept. 30, while revenue from grains and fertilizers rose 15 percent."


All the Agriville armchair Canadian economists must have missed this one!

Put some pipes in the ground....thats what petroleum needs to be transported in!

[Oliver88]

With an increasing demand for crude oil in the world and earth muffins blocking all pipelines being built of course CNR will have increased revenues.

This shouldn’t surprise anyone.

The world is addicted to crude oil (no matter what the jet setting greenies tell you) so build pipelines and sell them what they want.

[foragefarmer]

"CN Rail said revenue from moving petroleum and chemicals climbed 25 percent in the three months ended Sept. 30, while revenue from grains and fertilizers rose 15 percent."



I'll take my cue on the Canadian economy from a multi-billion dollar railway's quarterly report, which hauls material across Canada rather than from participants on an Ag chat line.

If a government of your choice was in power and these types of number came out from CNR this thread would be on page four by now.

#AgrivillefullofDebbiedowner's

[grassfarmer]

Should add on the investment side and cover Trudeau’s carbon tax for us

Hear! hear! - finally an honest appraisal of the minimal financial effect a carbon tax will have on Canadian farmers. If a farmer that is constantly pleading hardship and has suffered through 15 years of floods of biblical proportions in the toughest place in the world to farm has amassed enough savings that a 1/4% interest rate hike will more than mitigate any effect of a carbon tax it's clear proof that the politicians are on the right track and that this won't in fact bankrupt agriculture as some allege.

[blackpowder]

Pretty weak, grass.
Unless your point was that it's ok because the 1% can easily afford it. Hell, they'll just move to where there is no tax. Like maybe anywhere but here.
Lol

[bucket]

you guys realize the railways get mandatory rubber stamped indexed increases for their freight rates.....the less they move and the more they push into the next crop year the more they make....

they will also be passing on any government imposed carbon tax to customers...

when Raitt tried to impose fines the railways laughed because the less they did the next years increase in freight rates would pay for the fines anyway....not one politician could figure that out,

[farming101]

Canadian dollar rallying as a result, canola getting hammered . . . .

Canola has been getting hammered for days, not sure it is because of a rising CAD

[bucket]

Canola has been getting hammered for days, not sure it is because of a rising CAD

just a guess... but a lot of canola being dumped so guys don't have to deal with it later?????

[Oliver88]

just a guess... but a lot of canola being dumped so guys don't have to deal with it later?????

Likely the case. The majority came off very tough this year and having a surprise in March is overrated...

[bucket]

Likely the case. The majority came off very tough this year and having a surprise in March is overrated...

you gotta think it will be a great year for milligan to recover??????